JFG Wealth Management LLC Buys Shares of 864 Littelfuse, Inc. (NASDAQ:LFUS)

JFG Wealth Management LLC purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 864 shares of the technology company’s stock, valued at approximately $204,000.

Several other hedge funds also recently modified their holdings of LFUS. Huntington National Bank increased its position in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the period. Truvestments Capital LLC bought a new stake in Littelfuse in the 3rd quarter valued at $27,000. Quent Capital LLC grew its position in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in shares of Littelfuse during the 4th quarter worth about $40,000. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LFUS. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Stock Down 3.2 %

Shares of LFUS opened at $241.06 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $237.90 and a two-hundred day moving average price of $248.72. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 53.57, a P/E/G ratio of 2.24 and a beta of 1.26. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the prior year, the firm posted $2.02 earnings per share. Equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.